London homes 'increasingly in demand'

London Homes In Demand - lets-do-diy.comResidential property in the capital is becoming increasingly sought after, it has been suggested.

Pointing out that house prices in London have dropped by an average of 20 per cent, Ed Mead, director of estate agent Douglas & Gordon, states that this combined with the fact there has been "a couple of years' worth of pent-up demand" means buyer interest in high-end properties in the city is set to increase.

Those looking to make their property more attractive to would-be purchasers may want to consider carrying out DIY - such as fitting new bathroom tiles or kitchen units - to increase the amount of features it offers.

Furthermore, Mr Mead claims that the all-time low base rate of interest could help to drive property transaction rates.

"While prices may not go up, the level of transactions will pick up a little bit - from a very low base, but they will pick up a little bit," he states.

As such, those looking to make their home more attractive to prospective buyers may be interested in comments made by Jane Marr, company director at the Little House Company, that homeowners are increasingly looking to "meet the expectations of buyers who expect better value for money" to avoid missing out on a sale.

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